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Problem: Vaughn Enterprises Ltd. has entered into a contract beginning in February 2020 to build two warehouses for Atlantis Structures Ltd. The contract is a non-cancellable fixed price contract for $9.5 million. The following data pertain to the construction period (all figures in thousands).
2020 2021 2022
Costs for the year $3,825 4,675 1,200
Estimated costs to complete 4,675 1,270 -0-
Progress billings for the year (non-refundable) 3,500 4,100 1,900
Cash collected for the year 3,100 4,150 2,250
Accounts receivable are currently $525,000 and are expected to increase by 9 percent if this project is accepted. What is the project's initial cash flow for net working capital?
q 1. which of the subsequent is not an advantage of post-audits of capital investments?a. they show whether project
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